News

Rare gold specimens worth around $15 million have been discovered at the Beta Hunt mine near Kambalda, 630 Kilometres East of Perth. The town have been plagued with a lot of negativity with the losses of life necessities like doctors surgery and bank branch.
The find have sparked a "mini gold...

WA gold industry members have gathered at a rally in Western Australia mining sites to protest the proposed gold royalties increased by the Mcgowan government.
The labor government has proposed an increase in the royalty rate from 2.5% to 3.75% when the spot price moves above USD$1200/oz. This...

Thieves have broken into Berlin's Bode Musuem and escaped with a 100kg Maple Leaf gold coin which has a face value of $US1 million. By weight alone it is estimated to be worth around $AUD5.9 million at today's market price.
The coin is made out of pure gold and it is registered in the Guiness...

Thanks to a generally stronger dollar amid heightened expectations of a faster-tightening cycle by the fed, market participants have apparently reduced their holdings in buck-denominated precious metals. Gold and silver were both trading lower for the second consecutive day, extending their...

Gold prices notched a three-week high Tuesday, as investors awaited the result of the Federal Reserve’s two-day monetary policy meeting.
Investors will be keeping a close eye on the Fed’s monetary policy statement on Wednesday for clues on how the central bank views the U.S. economic...

The People's Bank of China may have tripled its gold stockpile since April 2009, when it last gave an official number, which Bloomberg Intelligence estimates to be 3,510 metric tons, second to United States 8,133.5 tons of gold. The figure, almost triple the 1,054 tons of gold reported in 2009,...

Gold prices rose to their highest level in nearly two months on Monday, after disappointing U.S. employment data last week helped reassure investors that the Federal Reserve would be in no hurry to raise interest rates.
Gold for June delivery, the most actively traded contract, gained 1.5% to...

SAN FRANCISCO (MarketWatch) — Gold futures scored a fifth straight session of gains on Tuesday, with European jitters and worries about a potentially overheated equity market helping to lift prices to their highest level in nearly three weeks.
Gold for April delivery GCJ5, -0.22% ...

Analyst Jim Bianco argues that gold may have already reached its bottom.There are few more polarizing topics in the world of investing than gold.The shiny metal, which for centuries was the basis of the global monetary system, is beloved particularly by investors whose political beliefs tilt...

SAN FRANCISCO (MarketWatch) — On Friday, for the first time in close to a century, the gold market price fix is about to change. It is a move that could potentially provide a better view of China’s insatiable demand for the precious metal.The London Bullion Market Association said the...

The liberalisation of Asia's financial system and the growing wealth of its populations are expected to boost demand for gold and push the price of the key commodity over $US2400 an ounce by 2030, ANZ predicts.In a report titled East to El Dorado: Asia and the future of gold, released on Wednesday,...

The plunge in the gold price following strong US jobs data could be repeated over coming months, according to commodities analysts.Gold fell 2.6 per cent from $US1200 an ounce on Friday after the release of US non-farm payrolls data on Friday night, and was hovering around $US1170 on Monday.The...

Sell to a licensed second hand dealer Gold buyers are being govern and regulated by State and Territory law, hence, only businesses that possess a second hand dealer’s licence being display that is clear from the outside of the business are legitimate. Refrain from social and classified...

Visual Inspection
Inspect the piece for official markings. A stamp will indicate either fineness (1-999 or .1-.999) or karat (10K, 14K, 18K, 22K or 24K). A magnifying glass will make this easier. An older piece might not have a visible marking due to wear nd tear. Counterfeit pieces can often...